Removing Barriers Blog

CFPB to Host Symposium on Cost-Benefit Analysis
Posted July 23, 2020 by dyi

The CFPB will host a symposium on the use of cost-benefit analysis in consumer financial protection regulation on July 29, 2020 at 9:30 a.m.  The event will be webcast on the Bureau’s website.

According to a release, the symposium is intended to seek perspectives the use of cost-benefit analysis in consumer financial protection regulations.  The Bureau is exploring developments in the cost-benefit analysis arena and will consider lessons that may be useful as it nears the start of its second decade of work.

This symposium will consist of two panels:  The first panel will consider questions related to how the Bureau should use cost-benefit analysis in developing consumer financial regulations and whether the Bureau’s practices provide the proper incentives for the best use and reporting of cost-benefit analysis. The second panel will focus on how the Bureau may help advance the methodology of cost-benefit analysis for consumer financial regulation. 

This symposium is the fifth in a series aimed at facilitating a dialogue among relevant stakeholders to assist the Bureau in its policy development process, including future rulemakings.